Topic: What is the best tips for who will invest in BTC for first time? - page 8. (Read 9740 times)

Invest only what you can afford to lose would be my best tip. Bitcoin's price is very volatile. Anytime it can go up or down. It isn't controlled by banks so it's price can't be regulated.  One thing about bitcoin is it will have a high value in the future because of its very limited supply.

Get some coins and hold for years, never day trade.

Don't leave coins on exchanges, ever.

Don't leave coins on mobile phone / IOS wallets.

Know your private keys.

this is an investment


Do not be fooled by the exchange price, look for exchange that you know who is the owner and were is the exchange headquarters. Imagine if you have a lot of money in an exchange, how will you recover your money if you do not know who the exchange owner is and where the exchange is located?


answer to the first question:

If you buy to hold for many years, then you can buy using all the money you have, you do not have to buy in parts

answer to the second question:

be a patient person

answer to the third question:

Because you will not sell in a panic


buy and hold

I don't think it's necessary, because the difference between the exchanges is only a little the most important is the exchange you use has good trust and feedback.


Use all the fiat you want to use to buy bitcoin, the amount depends on whether you want to buy with all fiat or only part of the fiat you have. My advice is to buy all your fiat if the price reaches the lowest point in your opinion, or you can buy it gradually.


I am a holder and trader, I hold a few btc in my wallet and I trade several altcoins on the exchange.


Be patient and use good money management, always study, study and learn. That's the best way in my opinion, I do it every day.

It is really a nice idea and choice to invest in bitcoin. But you must be very careful and know the hows and why's you should invest in a particular time and a particular amount. To begin with, just a trusted exchange with a well secured system. Make sure you don't deposit your money in a scam exchange else you are doomed. Monitor the trend of the chart for some time and see the stable digit say $8000 or $9000. A knowledge in this will help you know the rate of its fall or rise. When you invest make sure you always check your investment. When it rises please try and sell some.
Invest wisely

The most important  thing ever is trusted investment ..invest a amount that are comfortable for you.. and in start  invest little bit.. and increased  gradually.. it will profit you..

First timers should first introduced a good exchange because it will be the root of all transactions. As a new member, he should first buy bitcoin because its safer that other coins. Top 10 altcoins can be a good start also. He should learn how crypto works and what is happening to bitcoin all over the world first in order to get along with it smoothly.

To invest in bitcoin as a newbies you will needs to study the historical market data and see were bitcoin is coming from before investing. Many investors especially those that did not know how things work always invest at a wrong price.  You are to buy bitcoin when it is in the bottom and sell when it in the top . If you do the opposite you will be losing and at the end call bitcoin names. It is the time and prices you buy bitcoin that matter and anything contrary is not advisable.

In all cryptocurrency Bitcoin have high possible that grow like no one imagine it example back in the december 2017 that btc rise up then base in your question this is the best for investment here in crypto if your a newbie only then i also suggest bnb,xrp,bch,eth in many alts here like this are trusted that can grow base in the developer,Moreover study all about crypto little by little like different wallets,many trading site and risk also some money in gambling to learn how all here works then more

1. I guess in every exchange doesn't have a big difference in the price to start trading. But you need to search for recommended exchanges, so you don't get any bad experiences.
2. You can buy bitcoin in any amount of money you have, but it is not advisable if you use all of your fiat money to buy all bitcoin because at least, you need to have money to buy something in real life.
3. My strategy still holds some bitcoin, but I sell some part of bitcoin to get the fiat so I can buy my daily needs.
4. That is my tips for you

To start investing need a strategy, if you don't have a strategy which mean you don't know everything about the investment that you choose it will be useless. You will loss everytime you spend money for it and one important thing you have to knoe the sentence of 'use money that you can afford to lose' is not the best solution. You will always mitigate every conditions that will ends up with scattered that you spend.

The best tip for a newbie which has intention to start investing in bitcoin is you should have a sturdy knowledge against it. Don't start to buy, don't start to thinking how profit that you will gain and also don't depend on someone else. Find by yourself and make a suggestion from the other people as second strategy and make your startegy as the first choice.

For a beginner, i recommend to watch videos about trading or atleast read articles about trading to have enough knowledge about it. Then look for trusted exchange, and also you don't look for an exchange because they offer cheap btc coz probably that is not legit instead look for an exchange that is reputable and has a high level of security. Lastly, do not think that investing is a GAME to PLAY coz you might end up getting broke. Goodluck!

First of all, do not view investing as a game since this involves risking huge amounts of cash in the process. Rather than viewing it as a game, view it as something that would give you an opportunity to earn cash in a short amount of time.


In looking for a good exchange, you should consider security, reputation, years of existence, and feedback from the users in the internet. Do your research before searching an exchange to buy BTC from.


It is highly advisable that you diversify your investments by investing not only to cryptocurrencies but to other investment platforms available in the market. Another thing, only invest the amount that you are willing to risk and lose. Investing in bitcoin is considered a 'high-risk, high-reward' type of investment.


I mainly HODL my coins and purchase some BTCs depending on the historical data of its price. Also, I gather information in the market by doing market research and reading current events that may affect the trend of its price.



One thing that you should know is that investing in cryptocurrency is never too late. You should do your obligation by researching and knowing the background of bitcoin before impulsively investing and jumping in the bandwagon.


There is no such thing as a stupid question, only a stupid answer. Good luck! :-)

There is no strategy. DO IT NOW!!! If you had when you posted this you would already profit. Bitcoin is a currency. Do you believe in bitcoin and the blockchain technology? If so prove it by buying and holding bitcoin.
If you here to make a quick buck and go back to fiat again then you have missed the point and will probably lose money. If you have some money you can afford to lose use that money. The money you use to buy online... stop doing that, buy bitcoin with fiat and use the bitcoin to make your purchases online. Buy bitcoin, use bitcoin, support bitcoin.

Buying Bitcoin For The First Time

1. Choose the right wallet and secure all the private keys and recovery phrases.
2. Go through different exchanges available and select the one that gives you
    the comfort of using and has got all forms of buying.
3. Don't buy bitcoin with all the funds, try to buy a little at present and further
    buy when there is price drop as the market is fluctuating.
4. Buying little by little gets you on an average price even when the buying is
    made when the price of bitcoin is found high.
5. Continue learning more amd more from our forum that keeps you updated
6. You could begin to trade, if you have the mind to make an earning.
7. Day by day the usage and acceptance for bitcoin is high, upon that more
    Scammers can be seen around. Don't get caught into their traps.
8. Most of the scammers make you interested with multiplier schemes, and
    don't get into greed on hearing such.
9. If you consider it a long term investment, just buy and hodl it which is the
    risk free way most of the users prefer.

instead of focusing on HODL, profit, when to buy, when to sell,... as a beginner you should learn which wallet type and which wallet in that category suits your need and  how to set it up correctly to achieve a high security so that you don't just lose your bitcoins due to lack of initial research.

i don't know you but i have seen many newcomers be blinded by greed so much that they forget these very basic things. they end up storing their bitcoins on exchanges, in web wallets,... and sometimes get hacked and lose all of them!

Personally, I prefer to buy small amounts regularly. By doing this, I will be able to buy bitcoin even if the price is high or low. It will all fall down to averaging my cost. It means I will have the average price of bitcoin in my portfolio.
But others will surely prefer buying everything once. Since you are a holder, this could work long term.

More than anything, you must know how to keep your bitcoins safe. Your efforts will all be for nothing if you lose your private keys or somebody steals your bitcoins.

If only waiting for this price to arrive is that easy. Since bitcoin is bullish now, this opportunity may not occur for a long time.

My 2 cents.

- Invest an amount you are comfortable with. Let it rest (well if you purely don't want to trade them).

- Don't panic when the price falls.

Thanks

Buy now and buy more at the dips. This is the best long term (>5ys) strategy.
My last years strategy was to wait until the price went lower than 5000 and then keep buying more all the way down to the lowest at 3500. I am selling almost all these coins for 2x. Some are still waiting for the 10000 jump.

stop investing in bitcoin to want to make profit (on your fiat) and instead start using this unique decentralized technology as it was meant to be used, meaning as a currency.